Scalp Trader PRO (By scalptraderpro)

Gain : +858.31%
Drawdown 17.73%
Pips: 896.4
Trades 144
Won:
Lost:
Type: Real
Leverage: 1:100
Trading: Automated

Scalp Trader PRO Discussion

Member Since Jan 03, 2014   220 posts
Nov 20, 2015 at 20:25 (edited Nov 20, 2015 at 20:30)
Another system by Doug price,as usual,near one year history and high wining rate.Hard to believe 100% wining.
can you tell me do you set sl?
---------
Now i find it,120 sl,and Tracking stop-loss,similar like vtp
Member Since Apr 19, 2015   21 posts
Nov 20, 2015 at 22:15
Hi Goode.

He never talks about Stop-Losses and DD. But his EA will talk in a few days. Just like his other EA did.
Member Since Jan 03, 2014   220 posts
Nov 21, 2015 at 11:00
mohideen171 posted:
Hi Goode.

He never talks about Stop-Losses and DD. But his EA will talk in a few days. Just like his other EA did.

this ea can check histroy sl and tp at link https://www.myfxbook.com/statements/1428978/statement.html

that's 120 sl,but sure it will be not as good as we think after it be in public link his other EAs.😇

Attachments:

Member Since May 20, 2011   724 posts
Nov 22, 2015 at 02:57
I am now convinced this guy only out to make money selling systems.
Member Since Oct 17, 2013   88 posts
Nov 24, 2015 at 13:25
SL seems to vary a bit but around 120 pips. Risk per trade started out at around 43% and progressively dropped to around 27%.

Seems to have worked for the shown account. But could have many accounts and this is the best that has not had a loss that would show the very high risk per trade.

Would appear that once the trade hits some profit level, the SL is adjusted to 8 pips above breakeven to limit the chance of a 120 pip loss hitting the account.

1st traded. Read up


Last trades.



Attachments:

Member Since May 03, 2012   239 posts
Nov 24, 2015 at 13:28
all systems from doug price, they seems to work on his myfxaccounts and when he make it public to sell the systems then they loose? this happens with all his systems!!!!

when i look his lotsize and deposit means with 1 loss from 120 pips you loose nearly 30% from your account. and for shure this day will come and not only 1 time..... normal tradingsystem without grid or martingale logic shoud be the sl never bigger then the tp.

when this systems make 100 % winners and never loose, i never sell this ea, because then i make enough money for my live... so big question now is why he sell all his systems and after public sell his systems they loose like vortex, Rev Trader and and and...
rob559
forex_trader_29148
Member Since Feb 11, 2011   1916 posts
Nov 24, 2015 at 14:15 (edited Nov 24, 2015 at 14:18)
FXtrader2010 posted:
I am now convinced this guy only out to make money selling systems.

i'v been convinced since day 1,did you notice that we'v never heard from jim morisson since the new fictitious character dog price poped up ?they are the same, milliondollar pips forexgrothbot .....etc

btw for those who did not know who jim morisson is ,just do a google serach,he thinks that all people on forex forum are stupid and he is right sometime

they share profit with synegex scam broker, easy to get the big picture ain't it

don't buy those products
Member Since Oct 17, 2013   88 posts
Nov 25, 2015 at 07:24
Would appear the picture of 'Doug Price' on the web site is one bought off the net. https://pixhder.com/professional+headshot+white+background

Also look at the massive DDs in the 2 back tests to see the effects of what happens when close together 120 pip losers hit. As the average winner is around 8 pips, takes around 15 winning trades to make up each 120 pip losing trade, assuming these is not another loser before the 15 winners in a row sequence completes.

Looking at the 5 year approx $250k result and the 10 year $approx $500k says the EA makes approx 20% per year or say 1.67% per month. Could then take a LONG time to make up a 30% loss from ONE bad trade.

The published stats do show the EA can make money. Using the above backtest example that is 1.67% per month and not the shown short term lossless 39%.

Also note there is no commission. Using a commission broker could wipe out the 1.67% gain per month.

So yes it does appear to offer a very marginal return.
Member Since Nov 12, 2009   272 posts
Nov 26, 2015 at 00:10
I received email: Do you consider $35,000 every few months a job replacing income?

Who is Doug Price (or Morrison) to promise profit to replace a job? Does this guy live in the US?
RedRhino
forex_trader_149646
Member Since Sep 09, 2013   471 posts
Nov 26, 2015 at 06:39
rob559 posted:
FXtrader2010 posted:
I am now convinced this guy only out to make money selling systems.

i'v been convinced since day 1,did you notice that we'v never heard from jim morisson since the new fictitious character dog price poped up ?they are the same, milliondollar pips forexgrothbot .....etc

btw for those who did not know who jim morisson is ,just do a google serach,he thinks that all people on forex forum are stupid and he is right sometime

they share profit with synegex scam broker, easy to get the big picture ain't it

don't buy those products
@rob559 it should be William Morrison ,not Jim and yes from USA.
'FX Phantom Forex Signals By William Morrison'
'Forex Replicator - William Morrison Review'
https://redrhinofx.com/tag/william-morrison/
Member Since Oct 17, 2013   88 posts
Nov 26, 2015 at 07:46
Doug just told me this EA is a Trade Copier that runs from his server.

That means increased time to open and close trades. Which means increased slippage over his master account.
Member Since Oct 17, 2013   88 posts
Nov 26, 2015 at 12:55
Doing the maths, the 10 year back test ran at 12% risk per trade, had a 46.65% relative DD to the then balance high water mark and made a averaged compounded 4.9% return / grown per month over the 10.75 years.

At the current risk per trade of 27%, the account would probably not survive the 10 year back test as the recorded worst case DD would exceed the balance and it would margin call.
Member Since Nov 26, 2015   34 posts
Nov 26, 2015 at 13:37
i dont understand, how do you calculate the risk trade?when his account never hit the stoploss
Member Since May 03, 2012   239 posts
Nov 26, 2015 at 13:38
like i said, forgewt the eas from him... and for shure now ea is a tradecopier and a remake from venturebot, that ea has 120 pips sl too
Member Since Oct 17, 2013   88 posts
Nov 26, 2015 at 14:58
Risk = ( lot size × $10 × 120 pips SL) / $ balance when opening trade. This is what % of your balance you will lose if the EURUSD trade hits the SL. The $ value between the ( ) is how much the lost will cost you if the SL is hit.
rob559
forex_trader_29148
Member Since Feb 11, 2011   1916 posts
Nov 26, 2015 at 16:17
RedRhino posted:
rob559 posted:
FXtrader2010 posted:
I am now convinced this guy only out to make money selling systems.

i'v been convinced since day 1,did you notice that we'v never heard from jim morisson since the new fictitious character dog price poped up ?they are the same, milliondollar pips forexgrothbot .....etc

btw for those who did not know who jim morisson is ,just do a google serach,he thinks that all people on forex forum are stupid and he is right sometime

they share profit with synegex scam broker, easy to get the big picture ain't it

don't buy those products
@rob559 it should be William Morrison ,not Jim and yes from USA.
'FX Phantom Forex Signals By William Morrison'


'Forex Replicator - William Morrison Review'



https://redrhinofx.com/tag/william-morrison/





oh yesssss
Member Since Nov 26, 2015   34 posts
Nov 27, 2015 at 09:33
so this is a scam.im willing to try live with fxpro live acc and link to myfxbook
Member Since Oct 17, 2013   88 posts
Nov 27, 2015 at 12:27
fx441282 posted:
so this is a scam. im willing to try live with fxpro live acc and link to myfxbook

I never said it was a scam.

Just has not shown, long term, that a proven past DD of around 46.65% versus a long term monthly growth of 4.9%, with a 12% risk per trade is not what I would consider to be good stats.

You do understand it is a Trade Copier, from a master account on another broker with different spreads than your broker, and that your slave account will probably suffer increased slippage (different open and close prices from the master account) because of delays in the trade copier opening and closing trades?
Member Since Sep 08, 2010   2 posts
Nov 28, 2015 at 04:00
So Fx Phil, this EA trades via his master account? You say there would be a delay, but trades taken would be instantaneous, or micro seconds, not minutes, and seeing as most trades ( 60%) are from 5 min to about 3.5hrs, that delay would be insignificant? The real my FX book live account still proves it works? Please explain, cheers
Member Since Sep 08, 2010   2 posts
Nov 28, 2015 at 04:03
Not sure on this one. It has a 9.25% drawdown, but showing no losses? Can someone explain?
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.